Oil and share prices rose after Opec members struck a deal to limit crude output for the first time since 2008, in an attempt to ease a global glut that has more than halved crude prices in the past two years.

German officials could be about to find themselves in an uncomfortable position: Being called on to show they're ready to rescue a bank in a part of the world where such operations are considered taboo.

Royal Bank of Scotland said it would resurrect the NatWest Markets brand for its investment bank as part of its plan to meet rules designed to prevent a repeat of its $59bn taxpayer-funded bailout during a financial crisis.

Whatever Wells Fargo is selling, Congress is not buying it. “Your bank was turned into a school for scoundrels,” New York congresswoman Carolyn Maloney told the chief executive, John Stumpf, at his second grilling in Washington in as many weeks.

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A former Rabobank trader from Britain on Monday avoided prison after cooperating with U.S. authorities investigating how traders manipulated Libor, the leading benchmark for pricing financial transactions, to the bank's advantage.

Former Goldman Sachs partner Steven Mnuchin has been recommended by Donald Trump’s transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice is awaiting the president-elect’s final decision.